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Showing 20 of 21 results by nguoinhaque
Why bitcoin will hit 100000$/BTC in 2014. My conspiracy theory
China suspect that US is silently support cryptocurrencies so when china GDP surpass US and EU GDP, their CNY cannot become "new USD". China reply by pushing cryptocurrencies ahead faster so they'll undermine current established financial systems controlled by US. US fear that China will lead the financial revolution and they'll fall behind so US jump ahead to be sure that they'll be the first riders of waves of the future. This causes an arm race and bitcoin hit 100000$/BTC soon. He he he...
What's with these kinds of threads? Do you guys really need pep-talks every few hours? That's a signal of strength to you?
Hey guy, why so serious? Sometimes, we need to relax
We had a crash from $32 to $2. But I want to tell you: DO NOT FEAR!!!
Fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to suffering. Yoda, Jedi Grand Master.
Fear and sell, you will continue living your miserable life. Not fear and hold, you will become millionaires. CHOSE YOUR DESTINY!!!!
Fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to suffering. Yoda, Jedi Grand Master.
Fear and sell, you will continue living your miserable life. Not fear and hold, you will become millionaires. CHOSE YOUR DESTINY!!!!
Re: 2013-01-23 Mencius Moldbug has a new essay on Bitcoin
I believe bicoin and other virtual/digital currencies are the only means that help US and Europe prevent chinese currency becoming a world currency when china GPD surpass or even triple US GDP. So they will silently support bitcoin instead of killing it. The recently ECB's report is an indication
I do believe bitcoin price will boom when we switch from GPU to ASIC mining
When we use GPU, money from miners go to AMD's hand and doesn't comeback. When we use ASIC, the asic companies will use a portion of that money to promote their business, attract more users & miners come to bitcoin economy. This causes a positive feedback loop and bitcoin economy will boom. Right now, butterflylabs are promoting its business using google ads.
Correct me if I'm wrong, but this can't happen with their ASICs. Password cracking works backwards from hashing, right?
The general idea of mining is to run thru a SHA256 hash twice. They take x and turn it into y like this:
y = (SHA256 (SHA-256 (x)))
This is assuming their ASIC does both steps at once. Their ASIC may only do one hash at a time, but it would still look like this:
z = (SHA256 (x))
y = (SHA256 (z))
For password cracking, you would need some way to go from an already encrypted password that's only gone through one SHA256 encryption (z, in the example above), and un-encrypt it into x. It was my impression that this sort of password cracking works backwards from bitmining. The ASIC could be use to encrypt passwords, but there would be no use for something that fast.
Bitmining: x --> SHA256 --> z --> SHA256 --> y
Password: x --> SHA256 --> z
Cracking: z --> CRACK --> x
Does that make sense? Anyone more knowledgeable care to point out any blatantly obvious holes in my reasoning?
The general idea of mining is to run thru a SHA256 hash twice. They take x and turn it into y like this:
y = (SHA256 (SHA-256 (x)))
This is assuming their ASIC does both steps at once. Their ASIC may only do one hash at a time, but it would still look like this:
z = (SHA256 (x))
y = (SHA256 (z))
For password cracking, you would need some way to go from an already encrypted password that's only gone through one SHA256 encryption (z, in the example above), and un-encrypt it into x. It was my impression that this sort of password cracking works backwards from bitmining. The ASIC could be use to encrypt passwords, but there would be no use for something that fast.
Bitmining: x --> SHA256 --> z --> SHA256 --> y
Password: x --> SHA256 --> z
Cracking: z --> CRACK --> x
Does that make sense? Anyone more knowledgeable care to point out any blatantly obvious holes in my reasoning?
We have hashed password: z
We need to know the password: x
Solution: Just calculate y = SHA256(z). Then use ASIC to search for x when we already know y
Re: Spike at No. of transactions (Excluding top 100 addresses) Chart
I guess it comes from some mixing services like TORwallet: https://bitcointalk.org/index.php?topic=87387.0
Next time you update the stats, could you also include "megabytes added to the block chain" and/or "percent of total bitcoin transactions"?
It's actually not as much as I thought. Only 22% of transactions and transaction bytes are due to SatoshiDice (starting the counters after the first SatoshiDice transaction).Each bet has 2 transactions. Did you count it?
Re: Discussion between SolidCoin Founder and Gavin Andresen
I agree that CoinHunter's behavior is immature and not professional (I guess his age is under 25 and very likely under 20) but I don't suppose ArtForz is a good guy. If CoinHunter didn't admit SolidCoin's weekness, ArtForz should post his argument here to show how stupid and arrogant CoinHunter is instead of attacking SolidCoin. I think ArtForz is:
+ The same guy as CoinHunter (immature and not professional). Want to show he is correct immediately when CoinHunter ignore his warning
+ A guy want SolidCoin to die
I don't like CoinHunter but he might correct when he said (in SolidCoin forum, I can't remember the exact post) that guys here attacking him and SolidCoin for the only reason: MONEY
This war is very bad for SolidCoin, Bitcoin and also very bad for cryptography currency community. I'm a fan of cryptography currency and really want this war be ended
+ The same guy as CoinHunter (immature and not professional). Want to show he is correct immediately when CoinHunter ignore his warning
+ A guy want SolidCoin to die
I don't like CoinHunter but he might correct when he said (in SolidCoin forum, I can't remember the exact post) that guys here attacking him and SolidCoin for the only reason: MONEY
This war is very bad for SolidCoin, Bitcoin and also very bad for cryptography currency community. I'm a fan of cryptography currency and really want this war be ended
Re: I Manufacture machines that generate free electricity. A match made in heaven?
Wow, sounds great!!!!!! Don't sell machines at $5000. Sell the license to GE at $1 billion please!!!!!!!!!!! Write a paper about your invention and you will get a nobel prize!!!!!!!!You will be named as a hero of mankind!!!!!!!!!!!
? Sorry for my bad english 